2025
Vijaya, Annas; Meisterknecht, Johanne Paula Sophia; Angreani, Linda Salma; Wicaksono, Hendro
Advancing sustainability in the automotive sector: A critical analysis of environmental, social, and governance (ESG) performance indicators Journal Article
In: Cleaner Environmental Systems, vol. 16, 2025.
Abstract | Links | BibTeX | Tags: automotive industry, ESG, multi criteria decision making, sustainability
@article{nokey,
title = {Advancing sustainability in the automotive sector: A critical analysis of environmental, social, and governance (ESG) performance indicators},
author = {Annas Vijaya and Johanne Paula Sophia Meisterknecht and Linda Salma Angreani and Hendro Wicaksono},
url = {https://www.sciencedirect.com/science/article/pii/S2666789424000862},
doi = {https://doi.org/10.1016/j.cesys.2024.100248},
year = {2025},
date = {2025-03-01},
journal = {Cleaner Environmental Systems},
volume = {16},
abstract = {ESG (Environment, Social, Governance) is becoming increasingly important as sustainability concerns in the industry increase. The automotive industry is one that receives significant attention and pressure on sustainability, with the ever-growing regulations pushing it towards sustainability. However, ESG improvement could be more effective due to the many factors. Although previous studies have revealed the evaluation and prioritization of ESG key performance indicators (KPIs) in the automotive sector, there is still a need for other approaches to identify the priorities and interdependencies between critical factors that enhance organizational strategic improvement measures. The study aims to address the gaps by identifying critical indicators in ESG reporting standards and utilizing Fuzzy DEMATEL and Fuzzy TOPSIS methodologies to explore the priorities and causal relationships of ESG KPIs in the automotive industry. The findings indicate that the top three of 17 identified factors are the top priorities that influence others in improving ESG performance, including corporate governance, air emissions, and sustainable product development. The importance of addressing social sustainability issues in strengthening stakeholder relationships is also highlighted in the research findings, such as human rights and labor practices. Businesses in the automotive sector can use the study's insights to enhance their sustainability strategies, determine critical opportunities for improvement, and rank their priorities to achieve sustainability objectives. Policymakers can use it to promote industry-wide efforts for sustainable development and create regulatory frameworks.},
keywords = {automotive industry, ESG, multi criteria decision making, sustainability},
pubstate = {published},
tppubtype = {article}
}
ESG (Environment, Social, Governance) is becoming increasingly important as sustainability concerns in the industry increase. The automotive industry is one that receives significant attention and pressure on sustainability, with the ever-growing regulations pushing it towards sustainability. However, ESG improvement could be more effective due to the many factors. Although previous studies have revealed the evaluation and prioritization of ESG key performance indicators (KPIs) in the automotive sector, there is still a need for other approaches to identify the priorities and interdependencies between critical factors that enhance organizational strategic improvement measures. The study aims to address the gaps by identifying critical indicators in ESG reporting standards and utilizing Fuzzy DEMATEL and Fuzzy TOPSIS methodologies to explore the priorities and causal relationships of ESG KPIs in the automotive industry. The findings indicate that the top three of 17 identified factors are the top priorities that influence others in improving ESG performance, including corporate governance, air emissions, and sustainable product development. The importance of addressing social sustainability issues in strengthening stakeholder relationships is also highlighted in the research findings, such as human rights and labor practices. Businesses in the automotive sector can use the study's insights to enhance their sustainability strategies, determine critical opportunities for improvement, and rank their priorities to achieve sustainability objectives. Policymakers can use it to promote industry-wide efforts for sustainable development and create regulatory frameworks.
2023
Llanos, Alan Francisco Caraveo Gomez; Vijaya, Annas; Wicaksono, Hendro
Rating ESG key performance indicators in the airline industry Journal Article
In: Environment, Development and Sustainability, vol. 26, pp. 27629–27653, 2023.
Abstract | Links | BibTeX | Tags: ESG, multi criteria decision making, sustainability
@article{caraveo2023rating,
title = {Rating ESG key performance indicators in the airline industry},
author = {Alan Francisco Caraveo Gomez Llanos and Annas Vijaya and Hendro Wicaksono},
url = {https://link.springer.com/article/10.1007/s10668-023-03775-z},
doi = {https://doi.org/10.1007/s10668-023-03775-z},
year = {2023},
date = {2023-08-30},
urldate = {2023-01-01},
journal = {Environment, Development and Sustainability},
volume = {26},
pages = {27629–27653},
publisher = {Springer Netherlands},
abstract = {The environmental, social, and governance (ESG) integration finds itself in a transition with rapid developments worldwide, given that the pandemic incentivized companies and investors to focus on other social and governance measures such as ESG ratings. However, the divergence of ratings from the ESG and a lack of transparency lead the companies to report voluntary indicators without standardization. This study aimed to identify the ESG criteria and the most suitable set of key performance indicators (KPIs) in the airline industry after the impact of COVID-19. Furthermore, the second objective was to determine the appropriate weights and ranking of the identified criteria. The multi-criteria decision-making analytical hierarchical process was applied for this purpose. Additionally, the use of intuitionistic variables delivers a comprehensive model for rating the airlines according to their ESG performance. The most relevant criteria found in the study were critical risk management, greenhouse gas emissions, and systemic risk management. Regarding the KPIs, the top-3 weights were the number of flight accidents, jet fuel consumed and sustainable aviation used, and the number of digital transformation initiatives.
},
keywords = {ESG, multi criteria decision making, sustainability},
pubstate = {published},
tppubtype = {article}
}
The environmental, social, and governance (ESG) integration finds itself in a transition with rapid developments worldwide, given that the pandemic incentivized companies and investors to focus on other social and governance measures such as ESG ratings. However, the divergence of ratings from the ESG and a lack of transparency lead the companies to report voluntary indicators without standardization. This study aimed to identify the ESG criteria and the most suitable set of key performance indicators (KPIs) in the airline industry after the impact of COVID-19. Furthermore, the second objective was to determine the appropriate weights and ranking of the identified criteria. The multi-criteria decision-making analytical hierarchical process was applied for this purpose. Additionally, the use of intuitionistic variables delivers a comprehensive model for rating the airlines according to their ESG performance. The most relevant criteria found in the study were critical risk management, greenhouse gas emissions, and systemic risk management. Regarding the KPIs, the top-3 weights were the number of flight accidents, jet fuel consumed and sustainable aviation used, and the number of digital transformation initiatives.